Sunday, 7 March 2010
Supporting Familes Through the Downturn
Last week, I visited Esher Citizen's Advice Bureau (see below), which covers a large area across Elmbridge. I was briefed by Linda Wheatley on the daily local problems they are seeing during the economic downturn. For February 2010, they have witnessed a 35% increase in the total number of problems reported, compared to the same time last year. Housing issues increased by 66%, debt problems increased by 26% and the 'relationship' caseload increased by a staggering 185%.
Most relationships are not built on monetary calculations, but financial pressures clearly put additional strain on families. There are also perverse incentives in the tax and welfare system. As a result of the 'couple penalty', the average married couple is £12k better off - each year - if they split up. A Conservatives government will do far more to support families - the best social safety net we have. For a start, we will freeze council tax for two years, abolish stamp duty for first time buyers on homes up to £250k (to help young families onto the housing ladder), and recognise marriage and civil partnerships in the tax system.
Most relationships are not built on monetary calculations, but financial pressures clearly put additional strain on families. There are also perverse incentives in the tax and welfare system. As a result of the 'couple penalty', the average married couple is £12k better off - each year - if they split up. A Conservatives government will do far more to support families - the best social safety net we have. For a start, we will freeze council tax for two years, abolish stamp duty for first time buyers on homes up to £250k (to help young families onto the housing ladder), and recognise marriage and civil partnerships in the tax system.
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